Common use of Permitted Enforcement: Subordinated Creditors Clause in Contracts

Permitted Enforcement: Subordinated Creditors. After the occurrence of an Insolvency Event in relation to any member of the Group, each Subordinated Creditor may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that Subordinated Creditor in accordance with Clause 12.5 (Filing of claims)) exercise any right it may otherwise have in respect of that member of the Group to:

Appears in 5 contracts

Samples: Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Intercreditor Agreement (Melco Resorts & Entertainment LTD), Intercreditor Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

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Permitted Enforcement: Subordinated Creditors. After the occurrence of an Insolvency Event in relation to any member of the Groupa Debtor, each Subordinated Creditor may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that Subordinated Creditor in accordance with Clause 12.5 6.4 (Filing of claimsClaims)) ), exercise any right it may otherwise have in respect of against that member of the Group Debtor to:

Appears in 1 contract

Samples: Intercreditor Agreement

Permitted Enforcement: Subordinated Creditors. After the occurrence of an Insolvency Event in relation to any member of the Group, each Subordinated Creditor may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that the relevant Subordinated Creditor in accordance with Clause 12.5 9.5 (Filing of claims)) ), exercise any right it may otherwise have in respect of against that member of the Group to:

Appears in 1 contract

Samples: Intercreditor Agreement (Ferroglobe PLC)

Permitted Enforcement: Subordinated Creditors. After the occurrence of an Insolvency Event in relation to any member of the Group, each Subordinated Creditor may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that Subordinated Creditor in accordance with Clause 12.5 7.5 (Filing of claims)) exercise any right it may otherwise have in respect of that member of the Group to:

Appears in 1 contract

Samples: dwfgroup.com

Permitted Enforcement: Subordinated Creditors. β€Œ After the occurrence of an Insolvency Event in relation to any member of the Group, each the Subordinated Creditor Creditors may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that the Subordinated Creditor Creditors in accordance with Clause 12.5 7.5 (Filing of claims)) exercise any right it may otherwise have in respect of that member of the Group to:

Appears in 1 contract

Samples: www.thesisam.com

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Permitted Enforcement: Subordinated Creditors. After the occurrence of an Insolvency Event in relation to any member of the Group, each Subordinated Creditor may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that Subordinated Creditor in accordance with Clause 12.5 10.5 (Filing of claims)) exercise any right it may otherwise have in respect of that member of the Group to:

Appears in 1 contract

Samples: Agreement

Permitted Enforcement: Subordinated Creditors. After the occurrence of an Insolvency Event in relation to any member of the Group, each Subordinated Creditor may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that Subordinated Creditor in accordance with Clause 12.5 9.4 (Filing of claims)) exercise any right it may otherwise have in respect of that member of the Group to:

Appears in 1 contract

Samples: Intercreditor Agreement (Tidewater Inc)

Permitted Enforcement: Subordinated Creditors. After the occurrence of an Insolvency Event in relation to any member of the Group, each Subordinated Creditor may (unless otherwise directed by the Intercreditor Agent or the Common Security Agent or unless the Intercreditor Agent or the Common Security Agent has taken, or has given notice that it intends to take, action on behalf of that Subordinated Creditor in accordance with Clause 12.5 9.5 (Filing of claims)) exercise any right it may otherwise have in respect of that member of the Group to:

Appears in 1 contract

Samples: Intercreditor Agreement

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